7 Tips to Avoid the Time, Stress and Cost of Property & Employment Issues in Your Business!
Property: your premises are usually a large part of your business – close the loopholes
1. Make sure you have a strong signed written lease
If you don’t have a lease agreement with the right terms, your rights to use and enjoy the premises can be affected
2. Protect your option to renew – know your Option Renewal Date and diarise in advance
If you want to renew, make sure you do it within time
3. Protect your tenancy against a new owner taking over – register or caveat your lease
If your lease term is over 5 years and the landlord sells the property, without one of these - you could be out
4. Protect your tenancy against the landlord’s bank kicking you out – get the landlord’s bank’s approval of your lease
If your landlord’s financier sells the property and you never obtained their consent to your lease, again, you could be out
Employment: humans are (usually!) your best resource – but make sure you are in control:
5. Don’t terminate or discipline in anger
The consequence could be a long and costly unfair dismissal claim (or related action)
6. Make sure you have a signed employment contract
A good employment agreement will protect your business (e.g. prevent employees taking your confidential information and your clients) and give you the right to remove non-performing employees
7. Policy documents – think about if you want them, need them, and if so know what they are and how to enforce them
Our team can also help you with assistance in a broad range of other areas:
Examples include liquor licensing, contract disputes, employment law, family law, and drafting and reviewing a broad range of contracts for your business, to name a few!
If you or someone you know requires assistance, give us a call on 9389 3999.